From the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ARTALES IMMO has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €30,683 and a net result of -€91,226. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 10,798 sector peers (NACE 70, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 12-01-2012 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.207.628.047 2820 Bonheiden, since 12-01-2012
- Financial year end
- 30 December
- Peppol
- Reachable since 17-11-2025
Board and ownership
Board
- Van der Beken PhilippeDirector · since 12-01-2012
- Holdings
- Shares in 1 company Artales
Financial position
Holding: outside the score modelBankruptcy probability: sector outside the model
Annual accounts to 30-12-2025
- Gross margin
- €373,908
- ▼ 6.9%
- Turnover
- ≈ €550,000
- estimated
- Loss
- €91,226
- Equity
- €30,683
- ▼ 74.8%
- Total assets
- €28.6m
- ▲ 3.9%
Filed on 28-07-2026, 2 days before the deadlineat the National Bank
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity. Financial fixed assets make up more than half of its assets. The general model for operating companies does not fit such a balance sheet, so there is no score and no financial strength.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 28-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
13 days early
2023
1 day late
2022
8 days late
2021
3 days early
2020
43 days early
2019
1 day late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today30-12-2026 year end30-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 13 filings
Turnover
≈ €550,000
Estimated: probably between €440,000 and €1.0m
Total assets
€28.6m▲ 3.9%
2024 · €27.5m
Net result
-€91,226
2024 · €1,623
Working capital
-€27.7m▼ 3.2%
2024 · -€26.8m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 14% higher than in 2024. It is a recovery after the fall in 2024.
Operating result€0.2m
2025
Net result-€0.09m
2025
Total assets€28.6m
2025
Equity€0.03m
2025
Debt€28.6m
2025
Working capital-€27.7m
2025
Return on assets (ROA)-0.3%
2025
Solvency0.1%
2025
Current ratio0.03
2025
Staff (FTE)0
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.001m-€0.09m▲ 155×-€0.003m€0.05m€0.07m▲ 43.9%€0.2m▲ 154%€0.1m▼ 18.3%€0.2m▲ 14.1%
Net result-€0.05m-€0.06m-€0.01mbelow the sector's middle half€0.03mwithin the sector's middle half€0.05mwithin the sector's middle half▲ 62.0%€0.1mwithin the sector's middle half▲ 172%€0.002mbelow the sector's middle half▼ 98.7%-€0.09mbelow the sector's middle half
Equity-€0.06m-€468-€0.01mbelow the sector's middle half€0.01mbelow the sector's middle half€0.04mbelow the sector's middle half▲ 168%€0.1mwithin the sector's middle half▲ 234%€0.1mwithin the sector's middle half▲ 1.3%€0.03mbelow the sector's middle half▼ 74.8%
Total assets€1.9m-€25.7m▲ 13×€25.6mabove the sector's middle half▼ 0.3%€26.1mabove the sector's middle half▲ 2.0%€26.4mabove the sector's middle half▲ 1.0%€26.3mabove the sector's middle half▼ 0.4%€27.5mabove the sector's middle half▲ 4.9%€28.6mabove the sector's middle half▲ 3.9%
Debt€2.0m-€25.7m▲ 13×€25.6m▼ 0.3%€26.1m▲ 1.9%€26.3m▲ 1.0%€26.1m▼ 0.8%€27.4m▲ 4.9%€28.6m▲ 4.3%
Working capital€0.03m--€23.0m-€23.3mbelow the sector's middle half▼ 1.4%-€23.0mbelow the sector's middle half▲ 1.5%-€23.3mbelow the sector's middle half▼ 1.4%-€23.1mbelow the sector's middle half▲ 0.9%-€26.8mbelow the sector's middle half▼ 16.1%-€27.7mbelow the sector's middle half▼ 3.2%
Solvency-3.0%-0.0%▲ 3.0pp0.0%below the sector's middle half=0.1%below the sector's middle half▲ 0.1pp0.1%below the sector's middle half▲ 0.1pp0.5%below the sector's middle half▲ 0.3pp0.4%below the sector's middle half=0.1%below the sector's middle half▼ 0.3pp
Current ratio1.10-0.02▼ 1.090.00below the sector's middle half▼ 0.010.01below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=0.02below the sector's middle half▲ 0.020.03below the sector's middle half▲ 0.01
Return on assets (ROA)-2.7%-0.2%▲ 2.9pp0.0%below the sector's middle half▼ 0.3pp0.1%below the sector's middle half▲ 0.2pp0.2%below the sector's middle half▲ 0.1pp0.5%within the sector's middle half▲ 0.3pp0.0%below the sector's middle half▼ 0.5pp-0.3%below the sector's middle half▼ 0.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.6m
Fixed assets
€27.7m ▲ 2.8%
Current assets
€892,721 ▲ 59.6%
Equity and liabilities €28.6m
Equity
€30,683 ▼ 74.8%
Debt
€28.6m ▲ 4.3%
Debt's share of the balance-sheet total rises from 99.6% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-297.3%▼
2024 · 1.3%
Debt ≤ 1 year
€28.6m▲
2024 · €27.4m
Debt > 1 year
€6,070▼
2024 · €29,920
Income taxes
€59,197▲
2024 · €15,069
A ratio outside any meaningful range has been withheld (balance sheet total €28.6m, equity €30,683).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
These companies have the same main activity as ARTALES IMMO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €15m and €26m, founded between 2007 and 2012.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ARTALES IMMO Bonheiden | 2012 | €28.6m | €0.03m | €0.4m | -€0.09m | 0 | 2025 |
| VROOME EXECUTIVE MANAGEMENT & CONSULTANCY Sint-Martens-Latem | 2011 | €22.6m | €20.8m | €0.3m | €0.6m | 0 | 2025 |
| CoolPlaces Buggenhout | 2012 | €26.0m | €25.8m | €0.3m | €0.6m | 0 | 2025 |
| NOAL Staden | 2012 | €21.3m | €5.3m | €0.3m | €0.04m | 0 | 2025 |
| R&D GROUP Ninove | 2012 | €16.7m | €16.5m | €0.4m | €0.3m | 0 | 2025 |
| Cat Capital Partners Herentals | 2010 | €15.5m | €9.5m | €0.5m | €1.3m | 0 | 2025 |
| ALIMA INVEST Antwerpen | 2007 | €19.4m | €11.7m | €0.2m | €0.1m | 0.3 | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €149 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,462 | €105,096 | €105,245 | €131,288 | €177,981 | €183,700 | €239,874 | €199,407 | ▼ 16.9% |
| Other operating charges640/8 | - | - | - | €29,770 | €54,234 | €10,974 | €18,091 | €10,381 | ▼ 42.6% |
| Gross operating margin9900 | €98,829 | €205,813 | €107,910 | €209,295 | €301,646 | €370,752 | €401,765 | €373,908 | ▼ 6.9% |
| Operating profit (loss)9901 | €551 | €85,269 | -€3,447 | €48,238 | €69,430 | €176,077 | €143,800 | €164,119 | ▲ 14.1% |
| Financial income75/76B | - | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €12,362 | €13,383 | €12,000 | €127,108 | €196,148 | ▲ 54.3% |
| Recurring financial charges65 | €52,146 | €10,009 | €11,507 | €12,362 | €13,383 | €12,000 | €127,108 | €196,148 | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | -€51,596 | €75,259 | -€14,954 | €35,876 | €56,048 | €164,077 | €16,692 | -€32,029 | - |
| Income taxes67/77 | - | €17,000 | -€3,575 | €6,500 | €8,452 | €34,851 | €15,069 | €59,197 | ▲ 293% |
| Profit (loss) for the period9904 | -€51,596 | €58,259 | -€11,379 | €29,376 | €47,595 | €129,226 | €1,623 | -€91,226 | - |
| Profit (loss) for the period to be appropriated9905 | -€51,596 | €58,259 | -€11,379 | €29,376 | €47,595 | €129,226 | €1,623 | -€91,226 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €25.7m | €25.6m | €26.1m | €26.4m | €26.3m | €27.5m | €28.6m | ▲ 3.9% |
| Fixed assets21/28 | €1.6m | €25.3m | €25.5m | €26.0m | €26.3m | €26.2m | €27.0m | €27.7m | ▲ 2.8% |
| Tangible fixed assets22/27 | €1.6m | €2.0m | €2.2m | €2.7m | €3.0m | €2.9m | €3.7m | €4.4m | ▲ 20.2% |
| Land and buildings22 | - | - | - | €2.7m | €3.0m | €2.9m | €3.7m | €4.4m | ▲ 20.3% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €0.001m | €0.004m | €0.003m | ▼ 20.6% |
| Financial fixed assets28 | - | €23.3m | €23.3m | €23.3m | €23.3m | €23.3m | €23.3m | €23.3m | = |
| Current assets29/58 | €0.3m | €0.4m | €0.07m | €0.1m | €0.05m | €0.08m | €0.6m | €0.9m | ▲ 59.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.009m | €0.01m | - | - | €0.4m | €0.8m | ▲ 88.8% |
| Trade receivables40 | - | - | - | €0.007m | - | - | €0.4m | €0.4m | ▲ 3.4% |
| Other amounts receivable41 | - | - | - | €0.004m | - | - | €0.01m | €0.4m | ▲ 26× |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.06m | €0.1m | €0.05m | €0.08m | €0.1m | €0.08m | ▼ 33.0% |
| Deferred charges and accrued income490/1 | - | - | - | €345 | €0.001m | €0.003m | €0.009m | €0.002m | ▼ 79.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €25.7m | €25.6m | €26.1m | €26.4m | €26.3m | €27.5m | €28.6m | ▲ 3.9% |
| Equity10/15 | -€0.06m | €468 | -€0.01m | €0.01m | €0.04m | €0.1m | €0.1m | €0.03m | ▼ 74.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | - | - | - | - | €0.02m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | - | €0.02m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.02m | -€0.03m | -€0.005m | - | - | €0 | -€0.09m | - |
| Amounts payable17/49 | €2.0m | €25.7m | €25.6m | €26.1m | €26.3m | €26.1m | €27.4m | €28.6m | ▲ 4.3% |
| Amounts payable after more than one year17 | €1.7m | €2.3m | €2.2m | €3.0m | €3.0m | €3.0m | €0.03m | €0.006m | ▼ 79.7% |
| Financial debts170/4 | - | - | - | €0.1m | €0.08m | €0.05m | €0.03m | €0.006m | ▼ 79.7% |
| Other amounts payable178/9 | - | - | - | €2.9m | €2.9m | €2.9m | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €23.4m | €23.4m | €23.1m | €23.4m | €23.2m | €27.4m | €28.6m | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.9% |
| Trade debts44 | €0.003m | €171 | €0.007m | - | €0.04m | €0.005m | €0.006m | €0.02m | ▲ 173% |
| Suppliers440/4 | - | - | - | - | €0.04m | €0.005m | €0.006m | €0.02m | ▲ 173% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.1m | €0.04m | €0.002m | €0.002m | ▲ 42.0% |
| Taxes450/3 | - | - | - | €0.08m | €0.1m | €0.04m | €0.002m | €0.002m | ▲ 42.0% |
| Other amounts payable47/48 | - | - | - | €23.0m | €23.2m | €23.1m | €27.4m | €28.5m | ▲ 4.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.01m | €0.005m | €0.001m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | €0.06m | -€0.01m | €0.03m | €0.05m | €0.1m | €0.002m | -€0.09m | - |
| + Depreciation and write-downs630 | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 16.9% |
| Operating cash flow (approximation) | €0.04m | €0.2m | €0.09m | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 55.2% |
| Investment in fixed assets (approximation) | - | -€23.8m | -€0.3m | -€0.6m | -€0.5m | -€0.03m | -€1.0m | -€0.9m | ▲ 9.3% |
| Change in cash | - | €0.01m | -€0.05m | €0.05m | -€0.06m | €0.03m | €0.04m | -€0.04m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-12-2025 | abbreviated format | 28-07-2026 | 2026-00351738 | NBB |
| 30-12-2024 | abbreviated format | 17-07-2025 | 2025-00282398 | |
| 30-12-2023 | abbreviated format | 31-07-2024 | 2024-00312393 | |
| 30-12-2022 | abbreviated format | 07-08-2023 | 2023-00315716 | |
| 30-12-2021 | abbreviated format | 27-07-2022 | 2022-20227576 | |
| 30-12-2020 | abbreviated format | 17-06-2021 | 2021-20600164 | |
| 30-12-2019 | abbreviated format | 31-07-2020 | 2020-36800517 | |
| 30-12-2018 | micro format | 16-10-2019 | 2019-70200465 | |
| 30-12-2017 | micro format | 06-07-2018 | 2018-29000414 | |
| 30-12-2016 | abbreviated format | 06-07-2017 | 2017-28000235 |
Board & ownership
Directors
Directors
1 director
Van der Beken Philippe
Current
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
99.8%
Connections & network
1 current directorThe network starts from the directors of ARTALES IMMO. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
28-07
financial year 2025 · abbreviated format
2025
30-12
Financial
Weakest financial yearnet -€91,226
The net result drops to -€91,226, the lowest from 2018 to 2025.
17-07
financial year 2024 · abbreviated format
2024
31-07
financial year 2023 · abbreviated format · 1 day late
2023
30-12
Financial
Highest result from 2018 to 2025net €129,226 ▲172%
The operating result of €176,077 and the net result of €129,226 are both a record.
30-12
Financial
Equity above €100,000equity €120,286 ▲234%
After 3 profitable years in a row, equity reaches €120,286.
07-08
financial year 2022 · abbreviated format · 8 days late
2022
27-07
financial year 2021 · abbreviated format
2021
30-12
Financial
Back to profitnet €29,376
The net result is €29,376, after one loss-making year.
17-06
financial year 2020 · abbreviated format
2020
31-07
financial year 2019 · abbreviated format · 1 day late
2019
30-12
Financial
Back to profitnet €58,259
The net result is €58,259, after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ARTALES IMMO in Dutch
Enterprise number
0842.676.216
Legal form
Private limited company
Status
Active, normale toestand
Founded
12-01-2012
Entity type
Legal entity
Registered office and establishments
Registered office
Hendrik Consciencelaan 1, 2820 Bonheiden, Belgium
Establishments
1 establishment unit since 2012
Activities
NACEBEL 202570200
Business and other management consultancy main activity
64210
Activities of holding companies
Invoicing and payment
VAT number
BE 0842.676.216
Financial year and general meeting
Accounts at the NBBFinancial year end
30-12
Environmental permits
5 applications in Flanders since 2018 · 3 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden
Hoogstammige bomen vellen die geen deel uitmaken van een bos; Nieuwbouw of aanleg van een complex; Slopen of verwijderen van een complex; Verbouwen en/of uitbreiden van een complex
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
1 establishment unit
Artales BVBA
since 2012unit number 2.207.628.047
Buildings and parcels at the address
Ground area
994 m²
Building footprint
169 m²
Building volume
746 m³
Parcel 12005C0550/00V000, Flanders · tallest building 6.6 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12005C0550/00V000 | Flanders | 994 m² | 1 · 169 m² | 6.6 m · 2 |